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US private equity firm Warburg Pincus along with existing investors have pumped $32 million in fresh funds into India n online classifieds firm Quickr, the e-commerce company said on Tuesday. Quickr, which aims to use the cash to expand across online and mobile platforms, said existing investors that participated in this round include online retail giant eBay Inc, private equity Matrix Partners India and global venture capital firm Norwest Venture Partners. Rising incomes and aspirations to own big brands at […]
India Value Fund Advisors (IVFA) may invest up to Rs 500 crore ($100 million ) in Manipal Hospitals, the third-largest domestic healthcare service provider, as the latter holds talks with private equity (PE) firms to accelerate expansion plans.
IVFA, with $1.4 billion in assets under management, is bullish on healthcare and has pursued deals, including buyout opportunities, in the sector. The PE firm may back Manipal to chase buyouts in an industry where many smaller chains and standalone hospitals […]
Karaikal Port, a private port developed by Chennai-based Marg, has secured its third private equity infusion to part-fund its expansion plans. Private equity firm Jacob Ballas India, backed by New York Life International, has invested Rs 200 crore in Karaikal Port to pick up a minority stake.
Jacob Ballas India has made the investment of Rs 200 crore (by way of primary and secondary investments) from its NYLIM Jacob Ballas India Fund III, which has a corpus of $440 million. […]
The Indian pharmaceutical market continues to attract private equity (PE) investors. Following the recent investment of Rs 300 crore by ChrysCapital in Intas Pharma, another deal is expected to be announced soon. Malaysia-based Navis Capital Partners is in talks with Twilight Litaka Pharma Ltd for a possible investment of about Rs 150 crore in the company. The percentage of stake in question is not clear. Navis is known for buying a controlling stake in portfolio companies. Last year, it took […]
Private equity firm Kohlberg Kravis Roberts & Co (KKR) and Goldman Sachs will invest Rs 269 crore in TVS Logistics Services to help it expand business, the three companies said on Thursday.
KKR and its affiliates would invest Rs 242 crore in the unlisted third-party logistics operator while Goldman Sachs will pour in the remaining Rs 27 crore, the companies said.
“The additional investment will allow TVS Logistics to continue expansion, both through acquisitions and organic growth,” said R. Dinesh, […]
Private-equity funds including Carlyle Group and Sequoia Capital are in separate talks to invest about $40 million to $50 million in JSM Corp, which operates the Indian franchises of Hard Rock Cafe and California Pizza Kitchen, two sources with knowledge of the matter said. JSM Corp, which runs 12 outlets across different brands, is looking to raise capital to expand its networks and operations, said the sources, who declined to be named as the discussions are not yet public. Premji […]
Marico plans to sell 4.8% stake to Singapore’s sovereign wealth fund GIC and Baring Private Equity India to raise Rs 500 crore.
Indivest Pte Ltd, an investment arm of GIC, will invest Rs 375 crore to subscribe over 2.2 crore shares while Baring India Private Equity Fund would be allotted 73.5 lakh shares for Rs 125 crore, both at Rs 170 per share on a preferential allotment basis.
“This is to fund Paras’ acquisition as well as to […]
Nirvana Venture Advisors has acquired a 10 per cent stake in online games company, Games2win by providing partial exits to early shareholders. Early investors include Nexus India Pvt Ltd, ICICI Ventures and from a few senior employees of the company. Nexus and ICICI continue to hold shares in the company. Lead investor Clearstone Venture Partners and SVB Holdings have not divested their shares in this transaction. As part of the transaction, Amit Patni, co-founder of Nirvana Venture Advisors, will join […]
Actor Salman Khan, who will be the brand ambassador of yatra.com, has also picked up a minority stake in travel agent Yatra Online Pvt. Ltd. “Since we are targeting customers in smaller towns, Salman Khan is a great fit considering his mass appeal across the country,” said Sharat Dhall, president, yatra.com. Dhall did not specify how his company would be using Khan’s investment or the remuneration being given to the actor for his multiple-year contract. He, however, said yatra.com would […]
Qatar Investment Authority (QIA), one of the largest sovereign funds based out of West Asia, is in discussion with Violet Arch Capital Advisors, a financial services start-up, for acquiring a minority stake. Apart from QIA, a few other PE firms are in negotiation with Violet Arch for fund infusion. Violet Arch started its operations by acquiring Alchemy Shares & Stock Brokers from its promoters, including Rakesh Jhunjhunwala. Last year, Violet Arch roped in Berenson & Co, a leading New York-based […]
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